Svmuu News: The South Korean government today released a “Roadmap for the Internationalization of the Won,” with the goal of promoting the transition of the won from a regulated currency to a freely convertible currency and establishing an offshore won settlement network. The Bank of Korea will launch a system tentatively named the “Offshore Won Settlement Network,” which is expected to begin trial operations in September of this year and officially launch in January of next year. South Korea will also build digital asset payment infrastructure to lay the groundwork for the issuance, distribution, and trading of won-denominated stablecoins, and plans to launch a pilot project next year to advance the tokenization of government bonds pegged to the Bank of Korea’s central bank digital currency (CBDC). In addition, South Korea will formally join “Agora,” a cross-border digital payments project led by the Bank for International Settlements (BIS) that brings together the central banks of eight countries.